Iran Authorizes Banks and Currency Exchangers to Use Cryptocurrencies to Pay for Imports
- Thread starter troubled soul
- Start date
- Status
Is this real? I mean is this the road Tehran really wants to go down?
It will only scare of foreign financial institutions from banking clients with crypto activity for fear of violating US sanctions. It may lead ultimately to very harsh due diligence around crypto money entering and exiting the banking system to ensure no connection with Iran sanctioned entities and activities.
Ultimately if this is real it could be a game changer for Iran. It could reduce some of the financial pressure sanctions has had on their economy.
It will only scare of foreign financial institutions from banking clients with crypto activity for fear of violating US sanctions. It may lead ultimately to very harsh due diligence around crypto money entering and exiting the banking system to ensure no connection with Iran sanctioned entities and activities.
Ultimately if this is real it could be a game changer for Iran. It could reduce some of the financial pressure sanctions has had on their economy.
I think then the Iranians are just winding up the US government or forcing them to move their hand. I personally wouldn't want to end up with BTC that passed through the wallets of the Iranian government. Neither would I want to operate an exchange or bank receiving such fiat from such a transaction 😳. You would be extradited and sat in a US jail cell before your feet touched the ground.
The world bifurcates as we are withnessing the us empire dying a slow (or not so slow, in case of civil war) death. I still bet on civil war in the us.
https://www.cnbc.com/2021/04/19/chi...stment-alternative-marking-shift-in-tone.htmlpls forgive me to quote fake news cnbc lol.
https://www.cnbc.com/2021/04/19/chi...stment-alternative-marking-shift-in-tone.htmlpls forgive me to quote fake news cnbc lol.
- Status